About Perth Mint Bullion Blog

This blog discusses The Perth Mint's bullion coins and bars, providing information about our latest designs, mintages, sales volumes and sell outs. On a broader front, we share relevant research and opinions for anyone interested in gold and silver bullion investing.

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Who Buys Precious Metal?

Topics [ buy gold coins gold coins buy platinum gold bullion gold bars bullion coins gold gold bullion coins gold bullion bars bullion buy silver buy gold bullion bars buy silver coins ]

PRECIOUS METAL SERIES - 3

In the Western world, gold was once almost exclusively the domain of royalty, the super-rich, professional traders and a group of ‘gold bugs’ - mavericks who for one reason or another distrusted the use of paper currency.

Two decades ago, few ‘ordinary’ people perceived much reason to invest in gold. In truth, they probably didn’t even know how to go about buying it.

But things have changed.

For many, the Global Financial Crisis was a game-changer. Generally unforeseen by economists, it threatened the collapse of large financial institutions, sent assets tumbling and rocked investor confidence.

In the midst of the turmoil, people from all walks of life came to appreciate the traditional view of gold as a ‘safe haven’ in times of crisis. As prices rose, even ‘mum and dad’ investors took the plunge – and if not with gold, then with silver, which can provide many of the same benefits associated with the yellow metal.

While it is not yet fair to say gold has gone ‘mainstream’, the average man on the street is now much better informed about gold ownership and the conviction that it is a valuable component of a ‘balanced’ investment portfolio.

Today, interest in gold coins and bars remains elevated in comparison to pre-GFC times. But here’s a thing – the attitude towards gold in the West still pales in comparison to the obsession for gold in Eastern cultures!



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Sewage Could Be A Source Of Gold And Silver

Topics [ buy gold bullion online ]

ALL ABOUT GOLD

Poop could be a goldmine — literally. Surprisingly, treated solid waste contains gold, silver and other metals. Now researchers are looking at how they can be recovered.

According to Dr Kathleen Smith from the U.S. Geological Survey (USGS), researchers in America have observed tiny particles of platinum, silver and gold in samples using a scanning electron microscope.

“There are metals everywhere,” Smith said, noting they are “in your hair care products, detergents, even nanoparticles that are put in socks to prevent bad odours.”

 

[Previous Blog: Everyone Owns A Little Gold: Here’s How]

Another research group at Arizona State University previously calculated that the waste from 1 million Americans could contain as much as $13 million worth of metals.

“The gold we found was at the level of a minimal mineral deposit,” Smith said, meaning that if that amount were in rock, it might be commercially viable to mine it. This could decrease the need for mining and reduce the unwanted release of metals into the environment, presenters told delegates at this week’s meeting of the American Chemical Society.

(Source)



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2015 Australian Kookaburra 1oz Silver Bullion Coin Sold Out

Topics [ buy silver bullion online Australian Kookaburra buy silver coins invest in silver ]

BULLION BARS AND COINS

The 2015 Australian Kookaburra 1oz silver bullion coin is now sold out at The Perth Mint.

Released last September with a maximum mintage of 500,000, the release marked 25 years of the Australian Kookaburra bullion coin series with the original coin design from 1990 and a P25 mintmark.

The popular 1oz Kookaburra has achieved sell-out every year since 2008, reflecting its reputation as one of most eagerly sought-after limited mintage silver bullion coins in the world.



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Perth Mint Satisfies Platinum Demand with 2015 Australian Platypus coin

Topics [ invest in platinum Australian Platypus ]

BULLION BARS AND COINS

The Perth Mint this week released the Australian Platypus 1oz platinum bullion coin for 2015.

The annual issue has struggled in recent years despite being a notable success on launch in 2011 and again in 2012 (see Sales & Mintage figures here).

Platinum coin sales traditionally do best when the price drops below gold. The white metal tumbled to a 5½ year low Tuesday and is now trading at a discount of about US$53 to an ounce to gold - the widest spread since March 2013.

The Mint’s Wholesale Department, which handles sales to bullion dealers worldwide, has reported a significant spike in interest, particularly from clients in the US.

It means that from modest expectations a month ago, the Mint is now ramping up production of 2015 coins to meet the current demand.

Made from 99.95% pure platinum, the 2015 coin has an unlimited mintage. Production will be closed off at the end of the year pending the announcement of its declared (final) mintage.

The annual Australian Platypus bullion coin portrays a platypus diving underwater amongst reeds. Platypus coins can be ordered from The Perth Mint’s Bullion Desk on 1300 201 112 (international callers +61 8 9421 7218) or leading bullion coin dealers.



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NEW RELEASE Australian Funnel-Web Spider Silver Bullion Coin

Topics [ silver investing silver bullion coins buy silver bullion online ]

BULLION BARS AND COINS

Released today, the latest silver bullion coin from The Perth Mint featuring dangerous Australian animals portrays a funnel-web spider.

 

At least 40 different species of funnel-web spiders live in south-eastern Australia. The most notorious is the Sydney Funnel-Web, whose venom is highly toxic to humans.

Funnel webs are medium to large spiders with a body reaching up to 5 cm in length. For anyone with arachnophobia they are one of the most macabre in appearance, ranging from black to brown with a glossy, hairless carapace covering the front part of the body.

The aggressive Sydney Funnel Web is regarded as one of Australia’s top-ten deadliest creatures. Its fangs are said to be longer than a brown snake’s and so powerful they can pierce toenails!

Not surprisingly, a bite is agonizing. The male’s venom is about five-times more painful than the female’s, making it the most likely candidate for at least 13 human deaths prior to the introduction of antivenom in 1981.

2015 Australian Funnel-Web Spider 1oz Silver Bullion Coin

This new bullion release portrays a large funnel-web spider. Struck from 1oz of 99.9% pure silver and issued as Australian legal tender, it has a mintage of 1,000,000 coins worldwide.

 

The 2015 Australian Funnel-Web Spider comes in protective tubes containing 25 coins, and in monster boxes of 20 tubes containing 500 coins.

Tubes cost $5.00 over metal per coin, with the price decreasing to $3.95 over metal for 500 coins.

 

The new coins are available from The Perth Mint to retail customers in Australia only. Please visit www.perthmintbullion.com (registration required) or visit/call our bullion desk on 1300 201112.

The coins are available to customers worldwide from leading bullion coin dealers.



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How Much Gold Will The Apple Watch Require?

Topics [ buy gold online ]

TidBITS asked recently how much gold Apple’s new smartwatch would be likely to consume. Based on the estimated production figure of 1 million units per month, each containing 2oz of 18-carat gold, it sensationally claimed that Apple would require 24 million ounces of gold annually, or roughly 30 percent of world production.

Gold bugs could be excused for yelping with excitement! But what seems too good to be true has a habit of turning out that way.

On Monday Apple announced the gold watch would cost US$10,000. Huffington Post sounded a word of warning, calling it “extremely expensive for something that could be obsolete in the next year”. Bloomberg was already on record with a sceptical opinion piece entitled “Apple Watch Won't Rescue Gold Bugs”.

According to Alix Steel, much could depend on whether the watch is seen as a piece of electronics or jewellery. With demand for gold in technology currently languishing, it has a much better chance of succeeding as jewellery in key markets like China where young people “eat up 18-carat gold items”, she suggested.

What might also prove troubling about the perception of the gold watch stems from Apple’s announcement that its new product is crafted from 18-carat gold that is twice as hard as "standard gold."

Understanding this involves a fair amount of advanced metallurgy, but basically instead of alloying gold with other metals such as copper or silver to make it tougher, Apple is mixing its gold with low-density boron carbide ceramic particles. According to Dr Drang, writing on Leancrew, it “allows them to make 18-carat gold that has, on a volume basis, less gold than regular 18-carat gold.”

As the chart shows, this reduces the amount of gold Apple needs to use per watch significantly.

It’ll be interesting to see whether consumers think it’s cheeky to call the watch 18-carat when it has less pure gold in it than traditional 18-carat of the same volume. And even if they do, will it prevent the company from reaching its ambitious-sounding sales targets? We’re certainly not prepared to bet against Apple’s supreme marketing skills or the loyalty of its customers!



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